Structured Finance | Norwegian implementation of EU securitisation rules imminent

Today, the Norwegian government has finally submitted its proposal for SecReg implementation to the Parliament for formal approval. We expect the Parliament to approve the proposal during the spring of 2025, with the law coming into force shortly thereafter.

The Parliament’s approval will cover the Securitisation Regulation (2017/2402) as well as the Synthetic STS regulation (2021/557). At the same time, the Ministry of Finance will pass regulations to implement Regulations 2017/2401 and 2021/558 (amending CRR for securitisation) and the Commission Delegated Regulation 2018/1221 (amending Solvency II for securitisation).

BAHR is actively engaged in the development of the Norwegian securitisation market, and we will be happy to discuss these changes in detail with any interested party. Please reach out if we can assist your business with securitisation-related matters.